Virginia Currency Bill Passes House

[marmar]

from HuffPost:



The Republican-controlled Virginia House of Delegates on Monday advanced legislation that could lead to the establishment of a state-issued currency.

Lawmakers passed the bill by a 65-32 vote, setting up the possibility of a clash with Gov. Bob McDonnell (R), who has questioned the need for the legislation, The Washington Post reports. The legislation, which is being pushed by state delegate Bob Marshall (R-Manassas), would have the state set up a group to study the creation of a metallic based currency. Establishment of the currency would allow for the state to move back to the use of the gold standard.

Marshall, a former U.S. Senate candidate, has argued the state needs a currency in case of a collapse of the dollar or other problems with the Federal Reserve, The Washington Post reports. The legislation now moves on to the state Senate, where both parties are tied 20-20 with Lt. Gov. Bill Bolling (R) casting the tie-breaking vote. Democrats have indicated opposition.

“Are we seriously going to spend taxpayer resources studying a replacement to the world’s backbone currency? Are we descending into la-la land?” state delegate Mark D. Sickles (D-Fairfax) told The Washington Post. .................(more)

The complete piece is at: http://www.huffingtonpost.com/2013/02/05/virginia-currency_n_2625047.html?ncid=edlinkusaolp00000009

[Cali_Democrat]

1. Two words:

batshit crazy

[surrealAmerican]

2. "descending into la-la land" ...

... sounds like a pretty accurate description.

If the dollar collapses, I don't see how this would even help.

[LiberalFighter]

3. How many businesses and banks will accept the fake currency?

How many consumers will accept it?

[kairos12]

4. Confederate Money, No Doubt

[Ichingcarpenter]

13. Their new ten dollar bill

Love the cotton worker

[AndyA]

5. The GOP descended into la-la-land decades ago.

Wish someone would close the door to la-la-land and put a lock on it.

[longship]

6. Explicitly unconstitutional!!

Somebody please cite. Thanks.
Low bandwidth limit here.

[JeffHead]

7. Article 1 Section 8 Clause 1 under the enumerated powers of congress

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures

I'm no constitutional law professor but it sounds like it's unconstitutional to me.

[MineralMan]

14. Exactly. That's one of the powers reserved

to the federal government, and a wise part of the Constitution. State legislatures sometimes have a majority of morons sitting in them, it seems.

[TeamPooka]

8. sigh...

Here we go again...

[MadHound]

9. Nice, waste the taxpayer's money on something that every court in the country will knock down.

Geez, talk about wasteful spending.

[DainBramaged]

10. Trying once again to create a new Confederacy

Two generations and these assholes are gone....

[Zoeisright]

11. What a bunch of fucking maroons.

[mahatmakanejeeves]

12. From the WaPo:

Virginia coin moves closer to reality

By Ylan Q. Mui, Feb 05, 2013 04:07 PM EST

The Washington Post Virginia Del. Robert G. Marshall fears that a financial apocalypse is coming and only one thing can save the Commonwealth: its own currency.

The idea that Virginia should consider issuing its own money was dismissed as just another quixotic quest by one of the most conservative members of the state legislature when Marshall introduced it three years ago. But it has since gained traction not only in Virginia, but also in states across the country as Americans have grown increasingly suspicious of the institutions entrusted with safeguarding the economy.

This week, the proposal by the Prince William Republican sailed through the House of Delegates with a two-to-one majority.

I'm in favor of this, on one condition: that any legislator who votes in favor of this is required to take his salary in this alternative currency, forever and ever. He won't be able to change his mind later one. Further, his pension will be paid in the alternative currency too. Everyone else is free to accept it or not.